Veefin Solutions Allots ₹30 Cr Debentures to Stride Ventures

Veefin Solutions Ltd has approved the allotment of 3,00,000 unrated, unlisted, secured, redeemable non-convertible debentures (NCDs) with a face value of INR 1,000 each, totaling INR 30 Crores. The NCDs are issued on a private placement basis to Stride Ventures Debt Fund 4. The debentures have a tenure of three years, with an interest rate of 16.65% per annum payable monthly. Principal repayment will commence after an 8-month moratorium. The issuance is secured by a first-ranking pari-passu charge on the company's assets, corporate guarantees from subsidiaries, and personal guarantees from promoters.